By Katherine K. Chan, Reporter
The Bangko Sentral ng Pilipinas (BSP) raised its key policy rate by a half-point for the first time in nearly four years amid broadening inflation risks from persistent price shocks and the looming El Niño.
The Monetary Board hiked the target reverse repurchase rate (RRP) by 50 basis points (bps) to 5.5%, the highest in nearly two years or since the 5.75% in February 2025. This also matched the benchmark rate set in April 2025.
Rates on the overnight deposit and lending facilities were also increased by 50 bps each to 5% and 6%, respectively.
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